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Opened VCTR, earnings could be better than last year.
Opened HAS.
Bought back Puts: JKS 7 for 40% loss, held it too long, MO 20, PEP 5, SPOT 1, VICI 10 closed it.
If he wins the prisons will have an open gate.
Added to AXON I seem to see a misprice here.
Before committing money I read this one always and then look at other resources also. Wall Street's Most Accurate Analysts' Views
On 3 Risk Off Stocks With Over 3% Dividend Yields
BENZINGA 7:48 AM ET 5/7/2024
Symbol Last Price Change
CALM 56.92down 0 (0%)
MO 43.49up 0 (0%)
QUOTES AS OF 04:00:00 PM ET 05/06/2024
During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout.
Benzinga readers can review the latest analyst takes on their favorite stocks by visiting our Analyst Stock Ratings page. Traders can sort through Benzinga's extensive database of analyst ratings, including by analyst accuracy.
Below are the ratings of the most accurate analysts for three high-yielding stocks in the consumer staples sector.
Cal-Maine Foods, Inc. (NASDAQ:CALM)
Dividend Yield: 3.30%
Stephens & Co. analyst Ben Beinvenu reiterated an Equal-Weight rating with a price target of $65 on April 3, 2024. This analyst has an accuracy rate of 75%.
Goldman Sachs analyst Adam Samuelson maintained a Sell rating and increased the price target from $42 to $47 on March 12, 2024. This analyst has an accuracy rate of 66%.
Recent News: On April 4, Cal-Maine Foods(CALM) said Jeff Hardin, Senior Vice President of Sales, is retiring from his position with the Company, effective July 23, 2024.
Altria Group, Inc. (NYSE:MO)
Dividend Yield: 9.01%
Stifel analyst Matthew Smithreiterated a Buy rating with a price target of $50 on March 25. This analyst has an accuracy rate of 64%.
Morgan Stanley analyst Pamela Kaufman reiterated an Equal-Weight rating with a price target of $45 on July 18, 2023. This analyst has an accuracy rate of 68%.
Recent News: On April 25, Altria Group(MO) reported a first-quarter FY24 sales decline of 2.5% year-on-year to $5.58 billion, beating the analyst consensus estimate of $4.71 billion.
Walgreens Boots Alliance, Inc. (NASDAQ:WBA)
Dividend Yield: 5.79%
UBS analyst Kevin Caliendomaintained a Neutral rating and cut the price target from $25 to $22 on April 3. This analyst has an accuracy rate of 74%.
Morgan Stanley analyst Erin Wright maintained an Underweight rating and lowered the price target from $21 to $20 on April 1. This analyst has an accuracy rate of 73%.
Recent News: On April 24, DoorDash and Walgreens announced a new collaboration to offer SNAP/EBT payment at nearly 7,800 Walgreens stores across the country.
Read More: Over $10M Bet On Sensata Technologies? Check Out These 4 Stocks Insiders Are Buying
Adding to LDOS and AMKR. Selling ELAN.
They obviously do not follow the REAL news.
A good yield. I would be adding to it below 50.
O also beats estimates.
SPG beats estimates and raises dividend 8.3%.
We closed significantly above the SPX 50day/ma with a 5180 close. The 50day/ma was at 51.31.
Sold Covered Calls: CVS 8, COP 7, SKYW 3.
Bought back a few Puts, some of them are: JPM 5 and PEP 5.
Out of FND.
On this buy signal from PPO in EAT, did not add to it due to the volume weakening.
Added a little to EAT, another buy signal from PPO.
EAT gave me a nice heads up signal on PPO to buy.
We were just below the 50day/ma Friday at the close, we need to close above it, preferably with stronger than normal volume to chase the Bears away.
Morning Bid: Relief (mostly) everywhere
REUTERS 5:20 AM ET 5/6/2024
Symbol Last Price Change
AAPL 183.38up 0 (0%)
BRK/A 603000up 0 (0%)
TSN 62.02up 0 (0%)
L 76.4up 0 (0%)
MCHP 91.36down 0 (0%)
VRTX 401.08up 0 (0%)
O 55.26up 0 (0%)
SPG 142.93up 0 (0%)
IFF 86.64up 0 (0%)
PGR 208.72up 0 (0%)
QUOTES AS OF 04:15:00 PM ET 05/03/2024
A look at the day ahead in U.S. and global markets from Dhara Ranasinghe.
The relief across world markets as signs of a softening in the U.S. jobs markets strengthens the case for Federal Reserve rate cuts to start later this year remains palpable.
Not only did U.S. 10-year Treasury yields end Friday down 17 basis points, in their biggest weekly drop of the year, but the S&P 500 stock index had its best day in over two months.
Investors in Asia picked up the buy-baton on Monday, sending MSCI's broadest index of Asia-Pacific shares outside Japan to its highest in over a year and government bond yields in Europe are lower again.
For sure, public holidays in Japan and Britain make for quieter trade, but there is little doubt the mood music in markets has changed after Friday's news that the U.S. economy created 175,000 new jobs in April, the lowest since October.
Money markets are back to pricing in roughly two 25 bps Federal Reserve rate cuts this year. Last week, traders came close to no longer fully pricing in one cut for the year as nervous markets started to position again for higher for longer rates.
Market attention now turns to the Fed's Senior Loan Officer Survey, a closely-watched indicator of credit conditions, expected later in the session.
The last survey, released in February, showed U.S. banks anticipated an increase in demand for loans as rates fall this year.
One key question is whether the improvement in bank lending conditions could be undermined by the rise in government borrowing costs this year, with two-year Treasury yields up 55 bps.
It is also notable that the relief felt across world markets after the latest U.S. jobs data did not last long for some. While dollar/yen fell sharply after those numbers on Friday as markets renewed Fed rate-cut nets, the currency par is 0.5% firmer in early European trade not far off 154.
That essentially means the Bank of Japan, which was suspected to have intervened in currency markets last week to shore up a weak yen, still has its work cut out.
Given that Japanese authorities picked last week's quiet periods to intervene in the currency market, traders will be on high alert through the day.
Elsewhere, China's yuan surged to a six-week high against the dollar, catching up on the first trading day after the long Labor Day holiday, as the central bank set a much strengthened midpoint fixing to track offshore movements.
Apple (AAPL) shares, meanwhile, could be in focus after news at the weekend that Berkshire Hathaway(BRK/A) significantly reduced its enormous stake in the iphone maker.
Key diary items that may provide direction to U.S. markets later on Monday:
* U.S. April employment trends, New York Fed's Global Supply Chain Pressure Index for April
* New York Federal Reserve President John Williams, Richmond Fed President Thomas Barkin speak. Swiss National Bank Chair Thomas Jordan speaks
* Chinese President Xi Jinping in France as part of week-long visit to Europe
* U.S. corporate earnings: Tyson Foods(TSN), Loews(L), Microchip Technology(MCHP), Axon, Vertex Pharmaceuticals(VRTX), Realty Income(O), Simon Property(SPG), FMC, International Flavors & Fragrances(IFF), Progressive Corp(PGR), Williams
* U.S. Treasury auctions 6-month bills
(Reporting by Dhara Ranasinghe; editing by Ed Osmond)
He would like to, anyone he does not agree with.
Reaching for the extremists to win an election.
Closing BLDR.
Increasing MO, VRT, NVDA, SPOT and DUOL.
Have a good weekend everyone!
Replaced them with ACEL and CPNG, as well as a few sold puts.
House cleaning. Closed: VVI, AEYE, ADMA, ANVS, DVA, PBA, RMNI and WFC. Overall gain was about 15%.
Not as many trades as i expected to take place today. Sold a few puts and calls and bought back a few. Mostly bounced in and out of NVDA via sold and bought back puts. Always looking for additional trading systems that can work consistently of course that would mean that they work in Bull and Bear Markets. Today was an up day.
Since 1/3/23 there had been a much lower volume of trading volume in AAPL. It went up a little when it moved up, but than faded again. Less excitement or less concern about it?
Was experimenting with PPO indicated trades in NVDA on a minute by minute chart. It works very well in giving the clear buy and sell signals about 30 seconds ahead of the move, so you have time to make the trades.
It is not a point anyone can argue with.
Powell spoke more dovish than hawkish and said that the next policy move will not be a hike. However, now that he finished talking people will start to overthink what could happen later and the market probably will retreat,
It was a good market for nimble traders with several screens to make trades in and out, I was doing my fastest I could.
I think the worst would be for the markets if Powell says there may have to be rate hikes. Then we would tank, but I do not see that at all.
Selling NVDA, DUOL and ALL Put options.
Johnson & Johnson (JNJ) announced a proposed plan by its subsidiary, LLT Management, for the final resolution of all current and future claims tied to ovarian cancer stemming from cosmetic talc litigation against it and its affiliates in the US. The plan commits the company to pay ovarian claimants a present value of roughly $6.48 billion, to be paid over 25 years. Shares of the company were up 4.2% in midday trading.
Opened a few new positions: RYCEY, PROP, PACB and CEG.
Bought back 8 Covered Calls in CVS at 0.06 cents, were sold at 99 cents. This maybe the only profit for a while in CVS, lol.
Closed XOM after several years, were bought at 45.10.
I am looking forward to my technical indicators showing a nice turn today.
We shall see by tomorrow this time.
Please disregard it was SWKS. Not SKYW.
Obviously in SKYW I made a blunder. Earnings were disappointing and were just now.
The market as usually, will overdo any move based on fear or greed. This time it is fear of what will Powell say tomorrow afternoon. I think tomorrow we could see a nice rebound if he is not as hawkish as the market is expecting.
I play the other side of emotion usually and I was betting today that we can see a rebound tomorrow.
Doubling up in COP as its is down over $3, and it is ranked high for me.
Selling Puts in: VRT, VLO, NVDA, RCL, OC.
Bought back 30 Calls in MTW and 25 in BMBL.